Art-supply retailer Blick Art Materials announced that it has acquired rival Utrecht Art Supplies from Topspin Partners LBO, a private equity group that acquired the company in a secondary buyout in 2007, according to Media Bistro. The parties are not discussing details of the transaction.
“The acquisition of Utrecht gives us a tremendous, well-established brand and greater geographic reach for our brick and mortar channel,” Blick’s CEO, Robert Buchsbaum, said in a statement released to press. “We are very excited to welcome Utrecht employees and customers to the Blick team.”
Utrecht, which was started in New York in 1949, has 45 stores, including four in the city. Blick, founded in Galesburg, Ill., in 1911, has 39 stores, with one in city, on Bond Street in Noho.